Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

Peyto Exploration & Development Corp. is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta's deep basin. The Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).

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Comment by PabloLafortuneon Sep 30, 2023 2:55pm

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Post# 35663410

RE:RE:RE:RE:RE:Looks like

Yup, of all the variables, production from new wells is the elephant in the room. If the rig count stays at this level, YoY production growth may continue dropping and eventually become negative (ie late 2023 production being less than late 2022, or Q1 2024 less than Q1 2023).

And looking at futures pricing, I see no reason for natgas producer to add rigs.

Gradually then suddenly is probably how this is going to play out.

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